The findings of Dame Linda Dobbs’ independent inquiry into Lloyds Banking Group’s handling of the Halifax Bank of Scotland (HBOS) scandal have been delayed to 2019 owing to the vast amounts of documents to be reviewed. The bank appointed the former High Court judge to consider whether an investigation into the eight-year period from Lloyds’ […]

Reed Smith has launched a London investment funds practice with the hire of ­former Nabarro partner and barrister Dale Gabbert. Gabbert, who joins as a partner, will bring with him associates Winston Penhall and Matthew Pitman. He will advise funds including private equity, property and hedge funds on investment management, corporate and regulatory issues. Reed […]

Herbert Smith Freehills (HSF) has announced it will be relocating nearly 500 staff from its current Finsbury Square and Exchange House sites to a new office in Canary Wharf in September 2018. The move will see the entirety of its staff in Finsbury Square and a handful from its head London office set up close […]

As Davenport Lyons enters administration, The Lawyer relates its final days. The mood at Davenport Lyons is as low as it could be. Staff were told the firm was going into administration last Friday (25 April). That day those offered a job – mostly partners – were called one by one into a meeting with […]

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By Markus Pfenninger, Pascal Zysset Introduction and regulatory framework 1.1 Swiss hedge fund industry While the Swiss hedge fund industry is not comparable to the likes of those in the United States and the United Kingdom, it still ranks among the top European nations in terms of size. Numerous hedge funds are domiciled outside of […]

By Maurus Winzap, Fabienne Limacher On 26 June 2019 the Federal Council announced its intentions to resume the temporarily suspended Swiss withholding tax reform and set out the general framework to introduce a paying agent tax system with regard to interest payments. Background In Switzerland, interests from bonds issued by Swiss entities or customer deposits […]

By Jürg Schneider, Noémi Ziegler, Elma Berisha Background In June 2017 a Swiss-based company (the employer) dismissed an employee with immediate effect on the grounds that she had made wrongful use of her work mobile phone by installing WhatsApp and using it for private purposes, thereby infringing the employer’s terms of employment. In particular, she […]

Popular initiative “Supporting organ donation – saving lives” The Federal Council supports the proposal of the initiative to allow organs to be removed from a deceased person if he or she did not oppose this during his or her lifetime in principle, but will suggest introducing certain measures in order to safeguard the rights of […]

By Alex Nikitine, Dario Galli, Dimitrios Berger In December 2014, the Swiss Parliament approved the bill and introduced stringent disclosure obligations for shareholders of private companies. The law entered into force in July 2015. Said disclosure regime is commonly referred to as the Swiss «GAFIRules» (originating from the Groupe d’Action Financière, the Financial Action Task […]

1 July 201911:01

Latest Briefings

With the UK renowned as a global technology leader, we are led to believe that organisations across Britain are digitally advanced. Innovations like artificial intelligence, machine learning and automation are evidently making an impact but the reality is that many businesses are unable to grasp the basics of digital tools like the Cloud. Some aren’t […]

Taylor Rose switched to Laserform from Advanced after experiencing difficulties with their existing supplier. The firm needed a system which could easily be adapted to meet the needs of some of their more complex cases without incurring heavy costs. Business Challenge Taylor Rose was originally using another forms package, but staff grew increasingly frustrated with […]

By Catarina Pinto Correia, Joana Pacheco, Filipe Vasconcelos Fernandes On August 14, 2019, Law no. 19/19, of the same date, entered into force, amending the Organic and Process Law of the Court of Auditors, Law no. 13/10, of July 9. The main objective of this legislative amendment was to adapt the referred Organic Law to […]

By Lucy Shepherd and Chris Burchill The Court of Appeal has held that the courts have powers to make parties subject to a form of alternative dispute resolution (ADR) without their consent. Background ADR essentially refers to all methods of resolving disputes other than by court proceedings. The case of Lomax v Lomax concerned Early Neutral Evaluation (ENE), […]

By Deborah Sheldon Each month we summarise the latest news and developments in retail mortgage lending and regulation. This month in summary: News AirBnB fines for letting without consent Consultation on ending no fault evictions Revaluation deferral causes steep rise in business rates arrears Blurred lines: when employees’ social media posts are your concern Lending […]

13 September 201909:57

Recommended

The findings of Dame Linda Dobbs’ independent inquiry into Lloyds Banking Group’s handling of the Halifax Bank of Scotland (HBOS) scandal have been delayed to 2019 owing to the vast amounts of documents to be reviewed. The bank appointed the former High Court judge to consider whether an investigation into the eight-year period from Lloyds’ […]

Reed Smith has launched a London investment funds practice with the hire of ­former Nabarro partner and barrister Dale Gabbert. Gabbert, who joins as a partner, will bring with him associates Winston Penhall and Matthew Pitman. He will advise funds including private equity, property and hedge funds on investment management, corporate and regulatory issues. Reed […]

Herbert Smith Freehills (HSF) has announced it will be relocating nearly 500 staff from its current Finsbury Square and Exchange House sites to a new office in Canary Wharf in September 2018. The move will see the entirety of its staff in Finsbury Square and a handful from its head London office set up close […]

As Davenport Lyons enters administration, The Lawyer relates its final days. The mood at Davenport Lyons is as low as it could be. Staff were told the firm was going into administration last Friday (25 April). That day those offered a job – mostly partners – were called one by one into a meeting with […]

Early in 2001, The Lawyer reported the move of Oxford University Press lawyer Mark Wilkinson to pharmaceutical giant Bayer. Wilkinson was tasked with setting up the legal department of Bayer’s UK arm; a role that has seen him grow the function ten-fold and form an integral part of the company’s 800-strong global law patents and […]

16 May 201809:00

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Recent news

Addleshaw Goddard, Norton Rose Fulbright and Baker McKenzie have acted on the £600m financing of Battersea Power Station’s third phase of development. The capital received will be used to fund the ongoing development of the 42-acre regeneration site in Nine Elms. It involves the construction of London’s newest high street known as Electric Boulevard, as […]

Most of the UK’s largest law firms believe that the current financial year will be significantly more difficult in terms of trading than 2018/19, The Lawyer can reveal. As part of the research for this year’s UK 200 report, firms were asked the extent to which they agreed or disagreed with the statement: Trading conditions […]

Partner moves are like buses; you wait for one and then a whole troupe comes along at once. However, there have also been developments at the most junior end of the scale, with a number of firms revolutionising the way they offer training contracts. Here are the key takeaways from the week. 1) The magic […]

White & Case banking partner Lee Cullinane is to leave White & Case after eight years for another US firm in the City. Cullinane has departed for US firm McGuireWoods, alongside senior associate Marc Naidoo, who joined White & Case in Johannesburg in 2014 and will join as a partner in London. Cullinane will lead […]

Just days after a UK team of partners resigned from to form a boutique, another group of eight partners are set to leave Clyde & Co and set up their own venture in the US. The partners are to leave Clydes’ San Francisco office to set up a legal boutique called Atheria Law. Joan D’Ambrosio, […]

Reed Smith is to allow two trainees to complete an ‘innovation seat’. The new seats are each associated with a particular practice group, which identified projects in advance for the trainee to work on. There may also be other cross-departmental projects which both trainees will work on. The selected trainees had expressed an interest in […]